Dec 24, 2012 4:00am PST
80% of u.s. farmland. >> it is in a word finished. >> reporter: and hurricane sandy closed the new york stock exchange for two days. it was the longest weather-related shutdown in over a century. the storm cripples fuel deliveries, leading to gas shortages in the hardest hit states. >> all day, man, it's like no gas. what are we going to do. >> reporter: in the tablet wars, google introduced the nexus 7 and ipad came out with the ipad mini. while media continues to boom, news print dwindles. "newsweek," the magazine, will continue in a digital version only. hostess brands which made twinkies, ho-hos and wonder bread shut down after a crippling labor strike. >> what is the world going to be without twinkies? >> reporter: a new intelligence report reports that china will overtake the u.s. economy in 20 years, but america's more immediate concern was the unemployment rate, which finally slipped below 8% in six years. that helped ignite a record shopping spree. americans spent a record $59 billion over thanksgiving weekend but shopping slowed closer to christmas as consumers kept an ey
Dec 23, 2012 6:00pm PST
.5%. parts of the u.s. will get a white christmas or more. tcheer storm watches have been issued for parts of arkansas and oklahoma. california is already getting wet. carter evans has the forecast. >> reporter: it's been bad enough. cars buried if they could move at all in the midwest. in california's sierra nevada, up to five feet of snow could fall. that's great news for skiers. >> we love the snow. c reporter: not for holiday fliers. >> the only option we have is to drive. >> reporter: the most violent y beher may be yet to come. and the timing couldn't be worse. >> it's going to be happening on christmas day and while people are with their families, it looks like we're going to see a widespread severe weather ons reak across portions of the southeast and we could see multiple tornadoes. >> reporter: which concerns this meteorologist is the developing weather pattern is much like the one that caused deadly tornadoes in alabama during the spring of 2011. this new storm could also bring snow as far south as dallas. >> this is going to be a real white christmas, not just an inch of snow.
Dec 23, 2012 10:00pm PST
, howard beach, new york. >>> still to come, the u.s. congressman's public battle. not with the policy matters, but with his weight. ,,,,,, look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possible. defense command... or "nora. >>> it's a christmas eve tradition. the defense view has been tracking santa. this year you can keep tabs, keeping tabs in a lot of different ways. thanks to all of them here. >> and they now have that santa tracker app for smart phones. following the big guys here. all the way on twitter too. and for the first time, they are also trackin
Dec 24, 2012 7:00am PST
to look at the safety of our schools. right now you have one-third of u.s. schools that do have an armed presence. a resource officer, a police officer is present in the school. why should one-third have this greater safety while the other two-thirds do not? and so this christmas season i think the highest priority should be the safety of our children and our elementary schools. i have grandchildren there, and i think one of the aspects of it would be have a greater armed presence very discrete presence, a highly trained presence, in our schools that can provide greater level of safety. >> congressman, you're absolutely right that some schools are armed right now. armed guards have not preventeded three recent massacres. there was an armed guard at columbine, as you know about. virginia tech had its own police force. ft. hood one of the most heavily secured facilities in the country. if armed guards are not preventing mass shootings at those places, why do you think arming every single school in the country will prevent more of these shootings? >> that'
Dec 24, 2012 5:00am PST
futures are down as very light trading with markets set to close early for christmas eve. u.s. trading will close today 10:00 a.m. pacific time and will stay closed tomorrow for christmas. a number of markets overseas including germany and italy are closed all day today. >>> 5:06. if you haven't finished your shopping, you can do it with clear skies. >> i just finished my shopping and realized i need something else. so i've got to go back. >> i walked into target. i was completely done and still spent 80 bucks. >> i know. >> folks around the bay area going to catch a break from the stormy weather outside. what a weekend. a much needed break. some isolated showers showing up on the radar. you can see some of that moving in along the coastline and the peninsula as the system begins to wind down. a chance for more scattered showers out toward the immediate coast. otherwise the rest of the bay area going stay dry. then through the day things will settle down. still could see some of these wander on shore. don't be surprised if you could see sprinkles. and then start to dry things out. more
Dec 24, 2012 6:00am PST
a billion -- >> look at that. the numbers keep going up. >>> and coming up, the u.s. department of defense mans it phones as children all over the world call to find out when santa will be sliding down their chimney. >>> plus need your help collecting toys. going to take you there live when we come back. stay right there. ,,,,,,,,,,,,,,,,,,,,,,,, the empire state building is glowing in red and green.. e lighting is -- of course --n honor of christmas. this is the empire state building will look every nit through january 6th...with one exception.. on december 28th, the building will lig the colors of syracuse university and west virgini honor of their football tea meeting in the pinstripe bot >>> the building will light the colors of sir use university and west virginia in honor of thinker teams meeting in the pinstripe bowl over at yankees stadium. >> i like the red and green a little bit better. >>> a big toy drive underway in the square. it's been going on for a long time. >> yeah. and we have a live look this morning. the restaurant's annual toy drive is in full swing. we have nick boca
Dec 23, 2012 7:00pm EST
, that girl is as big as it gets. she has sold more albums in the u.s. over those six years than any other artist in any genre. her latest album, "red," sold more copies in its first week than any album in more than a decade. taylor swift's has been a meteoric rise. she seems to know, even at a young age, just the right notes to hit-- in her songwriting, and in her business. in an era of declining record sales, taylor swift appeals to people who still pay a lot for music, girls and their moms. she's held onto her country fans even as she's gotten huge in pop. and then there's her image-- lots of publicity about her short-lived, high-profile romances, but never a drunken rampage, a public outburst, or a scandalous photo. we caught up with her late last year on the road for her "speak now" tour. ( cheers and applause ) take a look at the crowd at the staples center in los angeles, where taylor swift sold out four shows within minutes. >> taylor swift: well, good evening, los angeles! ( fans screaming ) >> stahl: the decibel level here reminds you of the beatles. it's almost as if she's their